Iraq PM's Washington Visit Aims to Resolve 'Dollar Crisis'

Iraqi Prime Minister Mohammed Shia al-Sudani is seen during the launch of the food basket program. (Iraqi prime minister's office)
Iraqi Prime Minister Mohammed Shia al-Sudani is seen during the launch of the food basket program. (Iraqi prime minister's office)
TT

Iraq PM's Washington Visit Aims to Resolve 'Dollar Crisis'

Iraqi Prime Minister Mohammed Shia al-Sudani is seen during the launch of the food basket program. (Iraqi prime minister's office)
Iraqi Prime Minister Mohammed Shia al-Sudani is seen during the launch of the food basket program. (Iraqi prime minister's office)

Iraqi Prime Minister Mohammed Shia al-Sudani and Foreign Minister Fouad Hussein are preparing to visit Washington separately to discuss two main issues: the dollar crisis and the “strategic framework” agreement between Baghdad and the US.

While Hussein is slated to visit the US late next week, he announced that Sudani would also visit during the coming period.

Hussein’s visit was initially planned to discuss the “strategic framework” agreement, especially amid renewed calls for the withdrawal of foreign forces from Iraq, but the recent dollar’s rise against the Iraqi dinar has changed the agenda of his trip and that of the PM.

On Monday, stressed affirmed that the government was interested in raising the value of its national currency against the dollar.

Aide to Sudani, Hussein Allawi told Asharq Al-Awsat that “Iraqi-US relations are moving towards an advanced level in cooperation and partnership in light of their strategic framework agreement.”

“Upcoming visits to the US by an Iraqi government delegation and Sudani clearly confirm that there are paths aimed at strengthening this relationship through discussing relevant files,” explained Allawi.

Moreover, he revealed that Iraq would discuss common visions in promoting mutual investments.

Iraq is seeking to boost investments and contracts in the field of rice, power plants, renewable energy, the financial sector, and American commercial products.

Sudani’s visit to Washington coincided with his decision to dismiss Central Bank Governor Mustafa Ghaleb Mukheef and Salem al-Jalbi, Director of the Trade Bank of Iraq (TBI) following a weekslong plunge of the dinar.



Lebanon Joins Middle East Green Initiative

 Prime Minister Najib Mikati sits between Agriculture Minister Abbas Hajj Hassan and Environment Minister Nasser Yassin during the announcement (Office of the Prime Minister)
 Prime Minister Najib Mikati sits between Agriculture Minister Abbas Hajj Hassan and Environment Minister Nasser Yassin during the announcement (Office of the Prime Minister)
TT

Lebanon Joins Middle East Green Initiative

 Prime Minister Najib Mikati sits between Agriculture Minister Abbas Hajj Hassan and Environment Minister Nasser Yassin during the announcement (Office of the Prime Minister)
 Prime Minister Najib Mikati sits between Agriculture Minister Abbas Hajj Hassan and Environment Minister Nasser Yassin during the announcement (Office of the Prime Minister)

Lebanon’s caretaker Prime Minister announced that the country has joined the Middle East Green Initiative, launched by Saudi Crown Prince Mohammed bin Salman to mitigate the impact of climate change on the region.

“This is an essential step for Lebanon, especially since our southern villages and towns have been exposed to significant environmental and agricultural damage due to Israeli attacks, which requires cooperation with all of Lebanon's friends,” a statement released by the Lebanese Council of Ministers quoted Mikati as saying.

Agriculture Minister Abbas Hajj Hassan welcomed Lebanon’s participation in the initiative, confirming that a high committee has been established to ensure the project’s sustainability and facilitate relevant cooperation.

He noted that the timing of the announcement “comes in light of the continued Israeli attacks on Lebanon, and this matter must be drawn to attention, especially since Israel is destroying very large areas, whether agricultural lands, fruit trees or forests.”

Environment Minister Nasser Yassin said that the Middle East Green Initiative has very important goals to plant 40 billion trees across the region and protect the Gulf and the Middle East from climate change, stop land degradation and desertification and find the means to adapt to future challenges.

The Lebanese Ministry of Agriculture estimates that more than 2.8 million square meters of forest and agricultural land were completely burned, while about 6.7 million square meters of agricultural and forest land were partially damaged as a result of Israel’s attacks and its use of internationally-banned incendiary munitions.